Intellicell Biosciences Inc (fka SVFC)

[BigBadWolf]

It shows that the A/S is now 2.5B (w/ the addition of the new preferred(s)), in addition to the 1B new common shares in the A/S, there is also 1M preferred shares now authorized. Series B and C preferred shares are convertible into common at a ratio of 1000:1. So the new preferred shares are apparently worth 1B common.

I, also imagine that Victor will use these preferred shares to maintain his 50+% majority position in the company once the 1B new common shares make their way into the O/S.

The amount of total authorized capital stock which the Corporation shall have the authority to issue is 1,500,000,000 shares of common stock, each with $0.001 par value, and 1,000,000 shares of preferred stock, each with $0.01 par value.

From the 10Q:

Each share of series B preferred stock shall be convertible into 1,000 shares of the Company’s common stock.

Each share of Series C preferred stock shall be convertible into 1,000 shares of the Company’s common stock.